Analyst: XRP could reach $2 on a break above $1.55
- —Pattern neckline at $1.55; a break opens a target near $2 (+35%)
- —The left shoulder formed in May, the head in August near $1
- —XRP trades above its SMA-50 ($1.25) and SMA-200 ($1.27), RSI at 55.29
- —XRP ETF inflows: $11.26 million on September 14 and $3.5 million on September 16
Why it matters: A break above $1.55 would confirm the reversal pattern and could send XRP back to $2, boosting demand for spot ETFs.
Source: Finbold